Malaysia: ConocoPhillips Books Velesto Jack-Up Rig

Bartolomej Tomic
Friday, March 26, 2021

Malaysian offshore drilling company Velesto said Friday it had secured a drilling contract with ConocoPhillips in Malaysia.

The contract is for Velesto's jack-up drilling rig NAGA 7. The estimated value of the contract is around $8 million.

Under the contract, ConocoPhillips will use the jack-up rig to drill up to three wells, with the start-up expected sometime in the first half of 2021.

The Naga 7 is a three-legged jack-up delivered by China's China Merchants Heavy Industries in 2015. The rig was built to a GustoMSC design.  It has a drilling depth capability of 30,000 feet (9144 meters) and has a rated operating water depth of 375 feet (114.3 meters).

The news of the contract for the Naga 7, comes just days after Velesto said it had won contracts for two of its jack-ups with Petronas Carigali. Read more here.

Categories: Drilling Industry News Activity Rigs

Related Stories

US Operator Finds Oil Offshore Vietnam

ADES’ Fourth Suspended Jack-Up Rig Gets Work Offshore Thailand

Shell Shuts Down Oil Processing Unit in Singapore Due to Suspected Leak

Flare Gas Recovery Meets the Future

ABS Approves Hanwha Ocean’s FPSO Design

Floating LNG Conversion Job Slips Out of Seatrium’s Hands

Makin' a List ... Trump Prioritizes Energy Exploration, Production, Export

Global OTEC Presents OTEC Power Module for Remote Offshore Platforms

Blackford Dolphin Kicks Off Long-Term Drilling Campaign Offshore India

Shelf Drilling Finalizes Baltic Rig Sale

Current News

Petronas Preps for Sabah-Sarawak Gas Pipeline Decom Op

European LNG Imports Up with Asian Influx

Sunda Energy Starts Environmental Survey for Timor-Leste Oil and Gas Field

Kazakhstan Looks to Improve Oil Production Agreements Terms

ConocoPhillips Takes Over Operatorship of Malaysian Oil and Gas Cluster

VIDEO: AIRCAT Crewliner takes Shape to Service Offshore for TotalEnergies Angola

China's CNOOC Aims for Record Oil and Gas Production in 2025

AIRCAT 35 Crewliner Vessels Delivered to Service TotalEnergies Angola

EnQuest to Acquire Harbour Energy's Vietnamese Assets

CNOOC Boosts Dongfang Gas Fields Output with New Platform Coming Online

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com